April 7, 2025
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1:42Now PlayingPresident Trump is showing no sign of pulling back from his global tariffs.
He also issued a new ultimatum to China to rescind its retaliatory tariffs on the United States, or face additional tariffs of 50 percent beginning Wednesday.
The threat came as Wall Street experienced another frantic day of trading due to Trump’s continuing trade war that has dark clouds hanging over investors, consumers and the economy.
Cheddar Correspondent Margaret Chadbourn has more on how Trump is defending his sweeping tariffs and what might come next.
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